Hospice News
AUGUST 4, 2023
Hospice of the Chesapeake has exceeded its growth expectations since its 2020 acquisition of Hospice of Charles County. At the transaction’s closing, the acquisition boosted Hospice of the Chesapeake’s average daily census to more than 620, up from 580. The financial terms of the transactions were undisclosed.
Hospice News
APRIL 29, 2022
The Medicare Advantage hospice carve-in has been the focus of much attention among providers, and many are watching closely for the demonstration’s outcomes. Centers for Medicare & Medicaid Services (CMS) launched the MCCM in 2016 to explore the idea of allowing hospice patients to receive concurrent curative care.
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Hospice News
MARCH 3, 2023
The families of patients who received care from nonprofit hospices give their providers higher marks on quality than those who went with for-profits, a RAND Corp. These findings are particularly pressing given the striking growth of for-profit hospices, which have profit incentives that have been shown to affect how they care for patients.”
Hospice News
JANUARY 25, 2024
National hospice utilization rates have fallen since 2020, though the total number of patients served remains consistent. This utilization rate is similar to what was seen in calendar year 2020. million Medicare beneficiaries were enrolled in hospice care for one day or more, compared to 1.72 About 47.3% About 47.3%
Hospice News
NOVEMBER 10, 2023
Texas-based Choice Health at Home LLC has inked a deal to acquire Lumicare Hospice, growing its presence in two current markets while establishing services in a new state. Lumicare Hospice has locations in Texas and Arizona, two states in Choice’s existing service region. Hospice utilization in the state reached 50.4%
Hospice News
OCTOBER 9, 2023
Calls have grown louder for an overhauled design of the Medicare Hospice Benefit, but the path towards change is riddled with contrasting views over regulation, policy and payment structures. One part of the issue is that hospice reimbursement has not kept pace with evolving patient needs, Grant said.
Hospice News
SEPTEMBER 19, 2024
on Wednesday, which will likely have an impact on hospice M&A. Interest rates have widespread implications for the hospice mergers and acquisitions market, particularly when it comes to private equity investments. The reduction marks the first rate cut since 2020. The Federal Reserve cut interest rates by 0.5% in 2022 to 2.5%
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